Special G/L Account for Bounced Checks Receivable 
Special G/L Account for Bounced Checks Receivable
Definition
A
special G/L account that the system uses to record bounced postdated checks (for more information, see
The Basic Principles of Special G/L Transactions).
Use
Customizing
Define the accounts in Customizing for Financial Accounting (FI), by choosing Bank Accounting ® Business Transactions ® Bill of Exchange Transactions ® Bill of Exchange Receivable ® Post Bill of Exchange Receivable ® Define Alternative Reconciliation Accounts for Bills of Exchange Receivable.
Assign the account to the
check portfolio that you use to record bounced checks.Day-to-Day Activities
When a
check bounces, you specify which portfolio you want to enter the check in. The system automatically posts it to this account.